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Infinity Property and Casualty Corp Lowers FY 2013 EPS Guidance


Thursday, 7 Nov 2013 08:00am EST 

Infinity Property and Casualty Corp announced that it is revising its earnings per share (EPS) guidance to $2.40 to $2.90. The guidance assumes gross written premium growth between 6.0% and 7.0% compared with the prior year and an accident year combined ratio, which excludes development on prior accident year loss and loss adjustment expense reserves, between 97.0% and 98.0%. The prior guidance of $2.90 to $3.40 assumed gross written premium growth between 5.0% and 8.0% compared with the prior year and an accident year combined ratio between 96.5% and 97.5%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.73 for fiscal 2013. 

Company Quote

65.09
0.33 +0.51%
1 Aug 2014